Class of 2014 star Emmanuel Mudiay has reached an agreement in principle with the Guangdong Southern Tigers of the China Basketball Association on a one-year deal that will pay him a total of $1.2 million, a source confirmed to CBSSports.com on Tuesday.

This development, earlier reported by Yahoo Sports' Adrian Wojnarowski, comes a week after Mudiay announced he's skipping college in favor of a contract overseas that would help alleviate some of his mother's financial concerns. Clearly, this deal makes that possible.

Gary Parrish is a senior college basketball columnist for CBSSports.com and college basketball insider for the CBS Sports Network. The Mississippi native also hosts an award-winning radio show in Memphis. He lives in that area with his wife, two sons and two dogs.